In recent years, immigration to Ireland has garnered significant attention from compatriots in mainland China, becoming a new favorite destination for high-net-worth individuals seeking to immigrate to Europe.The reason Ireland is favored by investors is its strength.
Investment by Chinese enterprises in Ireland has increased 30-fold year-on-year
The overseas investment boom by Chinese enterprises has had a positive impact on Ireland, which has a population of only 4.5 million. According to the latest statistics, China's foreign direct investment in Ireland exceeded $2.9 billion in 2016, a nearly 30-fold increase from $10 million in the same period the previous year, making Ireland the fifth largest market for Chinese investment in Europe.
Zhang Zhiwei, Director of the China Office of the IDA Ireland, stated, "We hope that Chinese enterprises can leverage the benefits of Ireland as an 'International Financial Services Centre' and 'Silicon Valley of Europe' while continuously exploring investment advantages in other sectors. Ireland's diverse investment advantages have made it the 'best partner' for Chinese capital venturing into Europe." He added that Ireland's corporate tax rate is the lowest in Europe, making it suitable for Chinese enterprises to establish their European headquarters or operational centers in Ireland; the Irish government is very open-minded, with minimal restrictions on foreign investment and a relaxed investment environment.
For Ireland, encouraging the optimization and upgrading of investments by Chinese enterprises is even more worthwhile. Notably, the telecommunications giant Huawei has been a pioneer for Chinese enterprises entering Ireland, continuously solidifying its investment "foundation" over the past decade, carrying out strategic business deployments, and achieving healthy and sustainable investments. Zhang Zhiwei noted that it is encouraging to see that other advantageous industries in Ireland are gradually emerging and gaining favor among Chinese capital, including the IT sector, financial and business services, electronics, entertainment, and industrial machinery and equipment.
Ireland's economic growth rate ranks first in the European Union
In recent years, while the global economic recovery has been sluggish, Ireland achieved an economic growth rate of approximately 5.2% in 2016. The "2016 IMD World Competitiveness Yearbook" stated that Ireland ranks first in comprehensive competitiveness in the Eurozone, fifth in the OECD, and seventh globally, making Ireland one of the fastest-growing economies in Europe.
Factors such as low tax rates, a rich talent pool in specific fields, numerous government incentives, high economic freedom, multilingual support, and a favorable research and development environment created by universities and enterprises all contribute to Ireland's ability to attract more overseas investors. Sectors such as IT, financial and business services, electronics, entertainment, and industrial machinery and equipment are increasingly favored by Chinese enterprises. The IDA Ireland's performance report for the first quarter of 2017 indicated that despite the recent weakness of the British pound, Ireland's construction, manufacturing, and service industries continue to show strong growth trends.
Investment in Ireland has doubled and remains highly favored
Although the recent policy change in Ireland in late December 2016 raised the investment threshold from €500,000 to €1 million, there are still many investors optimistic about Ireland. This is because Ireland not only has a promising investment outlook but also possesses unique advantages that attract countless investors. Ireland offers excellent welfare, with state protection from birth; its passport allows visa-free access to over 170 countries; and it provides top-notch English education. For investment immigration, the perfect Ireland is undoubtedly your top choice.
Currently, there are various options available for investment immigration policies in Ireland. Please feel free to contact the WorldWay Immigration Group for more details. For more immigration information, please call: 400-138-2929.